Financing Secured For Renovations to NYCHA Properties in East Harlem, Manhattan
The New York City Housing Authority (NYCHA) has closed on $272.6 million in financing for a Permanent Affordability Commitment Together (PACT) project that will bring extensive renovations to Metro North Plaza and Gaylord White Houses in East Harlem, Manhattan. The project, supported through the federal Rental Assistance Demonstration program, will allow for the rehabilitation of 523 apartments across four residential buildings, benefitting nearly 800 residents. Nonprofit organizations The Community Builders and Ascendant Neighborhood Development will lead the redevelopment, while Wavecrest Management will oversee day-to-day property management.





